Archive for April 2nd, 2008

Despite rumors, Microsoft won’t sweeten Yahoo offer

Wednesday, April 2nd, 2008

Two months after making a 44.6 billion U.S. dollar bid for Yahoo Inc, people familiar with Microsoft's plans said Monday the software giant has no plans to up its offer. "Why would Microsoft bid against themselves? The compa ...

ADB: developing Asia needs invest more in education

Wednesday, April 2nd, 2008

Developing Asian economies may fail to reap the "demographic dividend" if they do not invest enough in their education and training systems, the Asian Development Bank (ADB) said on Wednesday. In its flagship publication, Asian Deve ...

ADB: Indian growth to ease at 8% in 2008

Wednesday, April 2nd, 2008

India's economic expansion will moderate in 2008 as the central bank keeps monetary policy tight and the government takes measures to rein in inflation ahead of parliamentary elections early next year, the Asian Development Bank (ADB) said ...

Tokyo stocks close up 4 percent

Wednesday, April 2nd, 2008

Tokyo stocks closed over 4 percent higher Wednesday. The 225-issue Nikkei Stock Average gained 532.94 points, or 4.21 percent, from Tuesday to 13,189.36. It was the first time for the index to close above the 13,000 line since March ...

Report indicates U.S. minority-owned firms more likely to export

Wednesday, April 2nd, 2008

A report released Tuesday by the U.S. Minority Business Development Agency shows America's competitiveness and economic growth in the global market will increasingly depend on the growth and expansion of minority owned businesses. T ...

ADB: Developing Asian economies to grow by 7.6% this year

Wednesday, April 2nd, 2008

The Asian Development Bank (ADB) said on Wednesday developing Asian economies would register solid growth in 2008 despite slowdown in major industrial economies, surging food and fuel prices and credit crisis in the United States. T ...

ADB says Philippine economy to grow 6% this year

Wednesday, April 2nd, 2008

The Asian Development Bank (ADB) said on Wednesday the economic growth rate of the Philippines would slow down to 6 percent this year after enjoying a 30-year high of 7.3 percent last year. In its semi-annual report on Asian economi ...

Indonesia’s CPO exports drops 34% in Feb.

Wednesday, April 2nd, 2008

Indonesia's exports of edible oil and fat products, consisting almost entirely of crude palm oil (CPO) and its derivatives, dropped by 34.85 percent to 1 billion U.S. dollars in February from 1.6 billion in January. The drop was exp ...